From TechTickers:
As we noted earlier, Nouriel Roubini of RGE Monitor actually has a surprisingly non-apocalyptic forecast for the economy: The first quarter of this year will mark the worst rate of decline, and the outlook will gradually improve from there.
We'll still be in a recession through 2009, says Roubini (in contrast to most economists, who think the economy will be growing nicely by Q4). But then, finally, the economy will begin to recover.
But what will this recovery look like? Will it be the V-shaped rocket launch that some bulls are looking for?
No.
Politically, a growing chorus of political analysts see a populist reckoning at home, one that Republicans will absurdly try to appropriate. In Europe, Obama and Brown Urge United Action on Economy while protesters there hang bankers and financial speculators of exotic products in effigy.
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